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$AEP agrees to sell its subsidiary AEP River Operations to American Commercial Lines (ACL), owned by Platinum Equity, for $550MM. Upon close of the deal, ACL will acquire AEP River Operations by purchasing all the stock of AEP Resources. $AEP expects to report a net gain of approx $125MM from the sale in 4Q15. The deal is expected to close in 4Q15.
$SBUX launched its annual “Starbucks for Life” competition in the U.S. and Canada. The winner of the competition will receive a credit of one drink or food item per day for a duration of 30 years.
$T shares rose 1.8%, as a big boost for the S&P 500. The company said its new streaming television service DirectTV has so far exceeded expectations.
$TXMD flying high.. anyone here to catch..?
$CMG crashing. There seems to be nothing good to read about this company.